2013 16th Issue: The U.S. Economy Confronts Six Challenges in the Future

  • Time:2013-12-26
  • source:CCIEE

2013 16th Issue: The U.S. Economy Confronts Six Challenges in the Future

[Abstract] In his paper Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds, the well-known American economist Robert Gordon, argues that the U.S. innovation will continue to stagger forward but will confront six challenges in the future. Specifically speaking, the demographic dividend begins to disappear, the proportion of college-educated is decreasing gradually while unequal income distribution is on the rise, the impact of globalization on American middle-class, the energy and environment costs will push up products’ price and the overhang of consumer and government debt. 

Share to: